Woongjin Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	47,428	120,761	3,071	-10,549	8,218	22,993
Depreciation & Amortization	82,591	79,771	73,744	84,242	78,965	60,781
Loss (Gain) From Sale of Assets	363.99	443.87	363.64	240.72	225.96	-15,191
Asset Writedown & Restructuring Costs	13,334	14,034	21,393	35,894	15,008	5,923
Loss (Gain) From Sale of Investments	-14,458	-10,079	990.27	1,228	610.84	-709.24
Loss (Gain) on Equity Investments	-54,024	-59,331	1,787	2,618	-	220.37
Stock-Based Compensation	2,163	1,762	695.46	233.1	58.56	504.89
Provision & Write-off of Bad Debts	3,124	3,180	2,455	2,819	6,321	2,844
Other Operating Activities	92,276	12,962	108,257	88,441	106,488	136,083
Change in Accounts Receivable	14,705	8,106	-18,153	-1,183	-3,065	11,710
Change in Inventory	7,940	6,161	3,741	-4,388	-12,740	-13,921
Change in Accounts Payable	-5,567	565.77	-428.6	2,625	-6,144	223.65
Change in Unearned Revenue	-	-	-	230.01	-1,924	-93.08
Change in Income Taxes	-8.53	-10.93	-12.15	-	-	-
Change in Other Net Operating Assets	140,088	83,291	-108,007	-109,348	-79,637	-101,747
Operating Cash Flow	329,955	261,617	89,897	93,102	112,389	109,543
Operating Cash Flow Growth	276.05%	191.02%	-3.44%	-17.16%	2.60%	54.52%
Capital Expenditures	-15,831	-12,413	-5,732	-16,595	-40,108	-4,411
Sale of Property, Plant & Equipment	386.1	387.32	64.13	111.92	925.54	40,121
Cash Acquisitions	-878,899	-874,703	95.15	-	-	-59,252
Sale (Purchase) of Intangibles	-11,529	-11,978	-20,522	-30,410	-42,444	-33,335
Investment in Securities	-216,581	-189,923	915.16	29,226	-1,010	-594.27
Other Investing Activities	94,863	67,493	2,727	2,739	-124.83	-179.4
Investing Cash Flow	-1,027,591	-1,021,138	-22,453	-15,353	-75,512	-64,020
Short-Term Debt Issued	-	413,123	180,700	139,895	114,645	93,464
Long-Term Debt Issued	-	708,156	19,955	5,700	24,761	200,035
Total Debt Issued	1,136,842	1,121,279	200,655	145,595	139,406	293,499
Short-Term Debt Repaid	-	-177,352	-205,536	-124,065	-136,161	-118,464
Long-Term Debt Repaid	-	-70,081	-41,885	-42,735	-40,676	-236,629
Total Debt Repaid	-258,510	-247,433	-247,421	-166,800	-176,837	-355,093
Net Debt Issued (Repaid)	878,332	873,845	-46,766	-21,205	-37,431	-61,594
Issuance of Common Stock	-	-	-	-	-	1,407
Repurchase of Common Stock	-10,009	-10,009	-	-2,841	-175.93	-5,383
Dividends Paid	-4,087	-4,087	-	-3,135	-5,823	-5,083
Other Financing Activities	-54,582	-43,007	-19,811	-41,430	-11,321	-18,762
Financing Cash Flow	809,655	816,743	-66,577	-68,612	-54,751	-89,414
Foreign Exchange Rate Adjustments	111.07	-29	232.85	122.54	211.69	90.8
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-305.36
Net Cash Flow	112,130	57,193	1,100	9,259	-17,663	-44,106
Free Cash Flow	314,124	249,204	84,165	76,507	72,280	105,131
Free Cash Flow Growth	283.18%	196.09%	10.01%	5.85%	-31.25%	55.33%
Free Cash Flow Margin	25.76%	21.66%	8.35%	7.51%	6.88%	10.73%
Free Cash Flow Per Share	4037.65	3206.62	1096.26	977.30	906.81	1323.17
Cash Interest Paid	53,638	42,277	19,320	13,523	8,402	13,480
Cash Income Tax Paid	24,960	19,013	-4,722	2,147	3,264	-19,329
Levered Free Cash Flow	183,473	272,021	53,606	39,229	25,405	77,689
Unlevered Free Cash Flow	228,867	308,138	68,819	54,179	38,599	92,070
Change in Working Capital	157,157	98,114	-122,860	-112,065	-103,510	-103,827